NEM News

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. This week, the focus was on the Bitcoin […]

In cooperation with Learn how to build a decentralized blockchain app using NEM Catapult This summer, NEM Solutions Architect, István Deák and the blockchain education platform, Craftain, joined forces to make a free online video...

With Coincheck reinstating the trading of the 17th largest cryptocurrency by market capitalization – NEM, the coin rocketed upwards with 16.52% gain in the last 24-hours. The re-listing of the digital asset came over 10-months later after one of the biggest crypto-verse hacks in history. More than $0.5 bln worth in NEM tokens were taken from […]

NEM (XEM) is currently trading up nearly 20% as cryptocurrency exchange Coincheck resumes its normal trading activity. NEM’s meteoric price rise comes amidst overall market stability, with Bitcoin (BTC) trading steadily at $6,400, and most altcoins trading up. At the time of writing, Bitcoin is trading at $6,400, recovering from a slight dip into the...

XRP surged more than four percent in a matter of hours, taking its price once again above the $0.52. Presently, there are no clear indications for the surge, but the positive developments concerning both Ripple and XRP continue to saturate the news. Meanwhile, Bitcoin, as well as the other top-ten altcoins continue to post positive […]

GITEX 2018 has just been concluded and one of the number one buzzword during the event was blockchain. Among the many emerging technologies such as AI, IoT, AR, Space Tech and others; blockchain was...

Luxtag, a Blockchain solution provider has developed e-Scroll and successfully deployed it for a consortium of Malaysian public universities to verify and validate certificates using a blockchain-powered web application. LuxTag’s solution aims to add...

The Bitcoin Cash community seems to be living a soap opera coming closer to its climax. After the last tweets from Craig Wright talking about an internal war in the Bitcoin Cash community, Roger Ver went to youtube to express his opinions about him and the consequences that the fork planned for November 15th could […]

The ninth Abkhazo — Russian Business Economic Forum was held on October 12, 2018 in the city of Sukhum. It was the first round table meeting on information technologies and innovations, and the NEM Russia team...

Bogotá, October 17th 2018. — At the Blockchain Summit Latam 2018 in Bogotá, a new concept was introduced in the field of Blockchain technology, particularily with regard to Decentralized Applications (Dapps). The concept of “Decentralized Integrity”...

Geens NPO, in partnership with NEM foundation, aims to empower people to securely access services of the growing digital economy. NEM Foundation is happy to announce a great partnership with Geens NPO — a Belgian non-profit organization....

NEM Ukraine country leader Anton Bosenko introduced NEM Foundation to the National University of Kyiv Mohyla Academy which is a leading research and tech university located in Ukraine to provide a NEM Blockchain Development...

Everything You Need to Know to Participate in the Extraordinary General Meeting (EGM) 1. General Information 1.1 Introduction to EGM (Extraordinary General Meeting) Notice is hereby given that the 2018 NEM EGM (Elections) will take...

First appeared on cryptoglobalist NEM (XEM) can possibly be one of the coins in the south east Asian territory to bring governments adoption towards blockchain technology and cryptocurrency. The governments usually have not been too much impressed by the blockchain...

The United Arab Emirates’ (UAE) Ministry of Community Development (MOCD) has recently signed a cooperation pact with the NEM Foundation that will see NEM providing blockchain consultation services and support to the MOCD. It...

The NEM.io Foundation has set its sights on expanding Australia’s thriving blockchain ecosystem by launching a new blockchain hub in Melbourne. The new hub in Melbourne will serve as a central location for blockchain...

FOMO Moments Monday markets are immobile; Nem is rising, Ravencoin is flying, the rest are sleeping. After a slow weekend crypto markets have retreated a little this Monday but are still largely inactive. Total market capitalization has dropped back a fraction but is still holding around the $210 billion level. There has been no movement...

Following the historical announcement for the 27th largest coin by market capitalization that it has teamed up with Amazon Web Service’s or AWS, QTUM/USD has hopped on the gain train with no stopping station. Read in depths about the event: Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5% QTUM After a complete […]

What is the NEM ?

NEM is a peer-to-peer cryptographic platform encoded in Java and JavaScript with original source code. This platform aims to create a large distribution model. It has introduced new features in blockchain technology with its Proof-of-Importance (POI) algorithm. NEM also has an integrated secure and encrypted P2P messaging system, multisignature accounts and a reputation system.POI is the consensus algorithm used in NEM to determine who will calculate the next block.
The importance of an account depends on how much money it holds. And how many transactions are made from that account. The POI differs from other initiatives using a cost-sharing model that does not take into account the overall support of the network. In some Proof-of-Stake systems a person only needs large amounts of coins to form a block.

However, in NEM, the amount of the transaction as well as the support of the network become an immortal factor. This was designed to encourage EMS users to not just keep NMS. But rather to actively trade in the NEM ecosystem.